These taxes apply to virtual currency forms such as Bitcoin and any other cryptocurrency used in place of real currency or that has an equivalent value in real currency. Yes, individuals and businesses are responsible for paying taxes on virtual currency transactions, including selling, exchanging, buying, and spending crypto. The Bottom Line On Crypto Accounting & Taxesĭo You Have To Pay Taxes On Bitcoin & Cryptocurrency?.What Accounting Records Do You Need To Keep On Cryptocurrency Transactions?. ![]()
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